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Jabal Omar Development Co. Announces Appointment Audit Committee Member

Introduction
Jabal Omar development Company announces its Board of Directors’ resolution issued on 18-4-1445 Corresponding to 2-11-2023 to appoint Mr. Mazen Fawaz Baghdadi (Independent Board Member) as a member of the Audit Committee, provided that this appointment is effective from the date of this resolution until the end date of the current Board of Directors session ending on 29/6/2024.

Appointed Member Name
Mr. Mazen Fawaz Baghdadi

Membership Start Date
2023-11-03 Corresponding to 1445-04-19

Brief Resume of the Appointed Member
Mr. Mazen Baghdadi currently holds the position of CEO and MD of Alinma Investment Company. Mr. Mazen holds a bachelor’s degree in finance from King Fahd University of Petroleum and Minerals.

Date of Board Meeting in which Appointed New Member(s) were Appointed
2023-11-02 Corresponding to 1445-04-18

Additional Information
This appointment is not final and shall be approved by the General Assembly during the forthcoming Meeting.

Other Disclosures

Jabal Omar Development Company announces the receipt of the license from the Ministry of Tourism to operate the second tower of Jabal Omar Address Hotels in its project in Makkah Al-Mukarramah

Announcement Detail Jabal Omar Development Company announces that it has received on Monday the 4th of December 2023, the license from the Ministry of Tourism to operate the second tower of the Jabal Omar Address hotel with a five-stars rating. The second tower includes 742 rooms and suites, in addition to 2 restaurants, a cafe, […]

Jabal Omar Development Company announces the full and final redemption of its Sukuk

Introduction Jabal Omar Development Company announces the full and final redemption of its Sukuk of the aggregate face amount of USD 135,000,000 Offer Type Sukuk certificates Value of the redeemed (sukuk bonds) USD 67,500,000 Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) 50 % Number of redeemed (bonds/sukuk) 337.5 Suk Issuance Date 2018-11-15 Corresponding […]

Jabal Omar Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

Introduction The Board of Directors of Jabal Omar Development Company are pleased to invite the shareholders to attend the Extraordinary General Assembly meeting of the company, which will be conducted virtually via Tadawulaty Platform at 19:30 on Wednesday, 29-5-1445 Corresponding to 13-12-2023 City and Location of the General Assembly’s Meeting Makkah – the company’s headquarters- […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER%CHANGE Sales/Revenue234.62218.637.31454.46-48.37 Gross Profit (Loss)47.527.98495.49236.68-79.92 Operational Profit (Loss)20.71-92.86-213.38-90.29 Net Profit (Loss) after Zakat and Tax305.46153.1199.5-79.84- Total Comprehensive Income305.46153.1199.5-79.84- All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Sales/Revenue 1,006.17609.9264.97 Gross Profit (Loss)406.4679.49411.33 Operational Profit (Loss)336.22-123.98- Net Profit (Loss) after Zakat and Tax237.55-157.98- […]
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